U.S. Markets closed

Monroe Capital: 2Q Earnings Snapshot

CHICAGO (AP) _ Monroe Capital Corporation (MRCC) on Tuesday reported second-quarter earnings of $4 million.

The Chicago-based company said it had net income of 20 cents per share. Earnings, adjusted for investment costs, came to 35 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 35 cents per share.

The business development company posted revenue of $16.7 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $17 million.

Monroe Capital shares have climbed 18% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.34, a fall of 16% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRCC at https://www.zacks.com/ap/MRCC